The Church of God (Pentecostal)
Report and Accounts
31 December 2023
## **The Church of God (Pentecostal) Report and accounts Contents**
||**Page**|
|---|---|
|Trustees, Advisors and Charity Information|1|
|Trustees' Report|2|
|Independent examiner's report|4|
|Statement of Financial Activities|5|
|Balance sheet|6|
|Notes to the Financial Statements|7|
## **The Church of God (Pentecostal) Charity Information**
## **Trustees**
L.D Crossfield V Crossfield L Fender-Jack A Virtue (resigned 28 November 2022) C Mitchell (resigned 31 December 2022)
C. Wallace (appointed 31 January 2023)
J. Faughnan (appointed 31 January 2023)
A. Wallace (appointed 31 January 2023)
N,Smith-Useya (appointed 31 January 2023)
## **Independent Examiner**
Fiona Fraser Fraser + Accountants 3 Barossa Place Perth PH1 5HG
## **Bankers**
Lloyds Bank Southall Branch PO Box 1000 Andover BX1 1LT
Scottish Widows Bank CAF 90 days notice account 67 Morrison Street Edinburgh EH3 8YJ
## **Registered charity number**
1016889
1
## **The Church of God (Pentecostal) Statement of Trustees' Responsibilities**
The law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial statements for each financial year which give a true and fair view Charity's financial activities during the year and of its financial position at the end of the year. In preparing financial statements giving a true and fair view, the Trustees should follow best practice and:
- apply suitable accounting policies and then apply them consistently;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The Trustees are responsible for keeping accounting records which disclose with reasonable accuracy the financial position of the Charity and which enablr them to ascertain the financial position of the Charity and which enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations and the provisions of the trust deeds. The Trustees are responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention of fraud and other irregularities.
The Trustees confirm that they have met the responsibilities set out above and complied with the requirements for preparing accounts. The financial statements contained in this report have been complied from and are in accordance with the financial records maintained by the Trustees.
2
## **The Church of God (Pentecostal)**
The Trustees present their report and financial statements for the period ended 31 December 2023. Details of Trustees and the charities advisors are set out on page 1.
## **Structure, goverance and management**
The charity is an unincorporated association, governed by a Trust Deed adopted on 6 January 1993.
## **Objectives and activities**
- the advancement of the Christian Religion according tho the articiles of faith set out in the schedule hereto. - the relief of poverty
## **Financial Review**
The Statement of Financial Affairs includes the Income and Expenditure for the 12 month period. The trustees consider the activity levels to be satisfactory.
The charity is planning on developing the building and during the financial year £87,164 (2022 - £11,058) was spent on professional fees. The project has exeperienced some challenges but the aim is to start building in 2024. The charity was sufficent cash reserves to support this project.
## **Public Benefit**
The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on publice benefit when reviewing the charity's objectives and activities and in planning future activities. It is the judgement of the Trustees that activities in pursuit of the above objectives fully meet the public benefit test, which they have kept in mind in planning programmes for the charity.
## **Statement of Trustees' responsibilities**
Law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each year which give a true and fair view of the charity's financial activities during the period and of it's financial position at the end of the year. In preparing financial statements giving a true and fair view, the trustees should follow best practice and:
- select suitable accounting policies and then apply them consistently
- make judgements and estimates that are reasonable and prudent
- prepare the financial statements on the going concern basis unless it is inappropriate to assume that the charity will continue in business.
The Trustees are responsible for keeping proper accounting records which disclose, with reasonable accuracy, the financial position of the charity, and which enable them to both ascertain the financial position of the charity and ensure that the financial statements comply with the Companies Act 1985. They are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
L D Crossfield Trustees
3
## **The Church of God (Pentecostal)**
## **Independent examiner's report to the members of The Church of God (Pentecostal)**
I report on the accounts of The Church of God (Pentecostal) for the year ended 31 December 2023 which are set out on pages 5 to 7.
## **Respective responsibilities of the trustees and independent examniner**
The charity's trustees are responsible for the preparation of the accounts, The charity's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (" the - Charities Act") and that an independent examination is needed.
## It is my responsibility to:
- examine the accounts under section 145 of the Charities Act,
- to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
- to state whether particular matters have come to my attenetion
## **Basis of independent examiner's report**
My examnination was carried out in accordance with the General Directions given be the Charity Commission. An examination includes a review of the accounting recordss kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking of explanations from you as trustees concering such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a true and fair view' and the report is limited to those matters set out in the statement below,
## **Independent examiner's statement**
In connection with my examination, no matters has come to my attention:
(1) which gives me reasonable cause to believe that in any material respect the requirements: - to keep proper accounting records in accordance with section 130 of the Charities Act: and
- to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Charities Act
have not been met: or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
**Fiona Fraser ACA Fraser + Accountants 3 Barossa Place Perth PH1 5HG**
## **Date:**
4
## **The Church of God (Pentecostal) Statement of financial activities**
## **(Incorporating the income and expenditure account) for the year ended 31 December 2023**
|**INCOMING RESOURCES**
**Donations and grants**
Tithes and donations
Gift aid
Fund-raising
**Investment income**
Interest received
**TOTAL INCOMING RESOURCES**
**RESOURCES EXPENDED**
Ministry costs
Travel & subsistence
**GOVERNANCE COSTS**
Employee costs
Premises costs
General administrative expenses
Legal and professional costs
**TOTAL RESOURCES EXPENDED**
**Excess income over expenditure**
Balance of brought forward 1 January 2023
Balance carried forward 31 December 2023|**Unrestricted**
**Restricted**
**Total**
**Funds**
**Funds**
**Funds**
**2023**
**£**
131,189
-
131,189
23,420
23,420
-
-
154,609
-
154,609
684
-
684
684
-
684
155,293
-
155,293
20,289
-
20,289
5,917
-
5,917
26,206
-
26,206
50,188
**-**
50,188
2,535
-
2,535
22,240
-
22,240
1,140
-
1,140
76,103
-
76,103
102,309
-
102,309
52,984
-
52,984
1,072,325
255,881
1,328,206
1,125,309
255,881
1,381,190|**2022**
**£**
164,763
25,182
-|
|---|---|---|
|||189,945|
|||91|
|||91|
|||190,036|
|||15,946
1,231|
|||17,177|
|||42,615
3,142
18,726
1,140|
|||65,623|
|||82,800|
|||107,236
1,220,970
1,328,206|
5
## **The Church of God (Pentecostal) Balance Sheet as at 31 December 2023**
|**Notes**
**Fixed assets**
Tangible assets
1
**Current assets**
Debtors
2
Cash at bank and in hand
**Creditors: amounts falling due**
**within one year**
3
**Net current liabilities**
**Total assets less current**
**liabilities**
**Net assets**
**Capital and reserves**
Unrestricted reserves
4
Restricted reserves
5|**2023**
**£**
475,433
21,703
887,123
908,826
(3,069)
905,757
1,381,190
1,381,190
1,133,920
247,270
1,381,190|**2022**
**£**
391,436
45,182
895,029
940,211
(3,441)
936,770
1,328,206
1,328,206
1,080,936
247,270
1,328,206|**2022**
**£**
391,436
45,182
895,029
940,211
(3,441)
936,770
1,328,206
1,328,206
1,080,936
247,270
1,328,206|
|---|---|---|---|
|||||
||||1,328,206|
||||1,328,206|
||||1,080,936
247,270|
||||1,328,206|
Approved by:
L D Crossfield Trustees
6
## **The Church of God (Pentecostal) Notes to the Accounts for the period ended 31 December 2023**
## **1 Tangible fixed assets**
|**Cost**
At 1 January 2023
Additions
Disposals
At 31 December 2023
**Depreciation**
At 1 January 2023
Charge for the year
On disposals
At 31 December 2023
**Net book value**
At 31 December 2023
At 31 December 2022|**Land and**
**buildings**
**£**
385,646
87,164
-
472,810
-
-
-
-
472,810
385,646|**Fixtures,**
**fittings and**
**equipment**
**£**
50,220
-
-
50,220
44,430
3,167
-
47,597
2,623
5,790|**Motor**
**vehicles**
**£**
-
-
-
-
-
-
-
-
-
-|**Total**
**£**
435,866
87,164
-|
|---|---|---|---|---|
|||||523,030|
|||||44,430
3,167
-|
|||||47,597|
|||||475,433|
|||||391,436|
|**2**
**Debtors**
Gift aid due
Trade debtors
Other debtors
**3**
**Creditors: amounts falling due within one year**
Accruals
Other creditors
Other taxes and social security costs
**4**
**Unrestricted reserve**
At 1 January 2023
Retained profit
At 31 December 2023
**5**
**Restricted reserve**
At 1 January 2023
Retained profit
At 31 December 2023|**2023**
**£**
19,500
-
2,203
21,703
**2023**
**£**
1,140
1,015
914
3,069
**2023**
**£**
1,080,936
52,984
1,133,920
**2023**
**£**|**2022**
**£**
45,182
-
-|
|---|---|---|
|||45,182|
|||**2022**
**£**
1,140
1,219
1,082|
|||3,441|
|||**2022**
**£**
973,700
107,236|
|||1,080,936|
|||**2022**
**£**|
||247,270
-
247,270|247,270
-|
|||247,270|
## **6 Trustees remuneratio, expenses and related party transactions**
The Reverend Lloyd Crossfield has served as a pastor to the Church since 2002, His total remuneration for the year was £31,250 (2022 - £26,000). The authority for this was the charity's governing document and the trustees.
7